The Show Down VIX and the SPX (S&P 500)

You will notice the 20 year trend line on the SPX chart. 1275ish should be pretty strong support. See the two SPX charts. So what is the problem?!?!?!

The VIX The VIX is the fear in the market. Ratio of Puts and Calls being bought/sold. That is showing us we are nearing a end of a down cycle.

So why am I so harping on the VIX?!

The Ascending Triangle!

What is that? Quoting Michael Drews flash cards: "An Ascending Triangle Pattern is a continuation pattern, usually occuring after a large run up in price. After a brief consolidation in the 'Triangle' with decreasing volume, the trend will usually continue in the same direction as the previous trend.

Trading this pattern Success Rate: 68%!!!!!!!!!!!!!! See the VIX below!